From the following which production function exhibits increasing returns to scale? Option 1: f(tx, ty) > t f(x, y). Option 2: f(tx, ty) < t f(x, y). Option 3: f(tx, ty) = t f(x, y). Option 4: x^α y^β.

The answer is 'f(tx, ty) > t f(x, y).'. View full solution:

CUET Economics - From the following which production function exhibits increasing returns to scale? | PYQs + Solutions

CUET Economics 2025 30 May Shift 2

Micro

Medium

$f(tx, ty) > t f(x, y)$ .

$f(tx, ty) < t f(x, y)$ .

$f(tx, ty) = t f(x, y)$ .

$x^α y^β$ .

✅ Correct Option: 1

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28 May Shift 1

Which of the following statements are correctly explaining the relationship between the marginal revenue (MR) and price elasticity of demand?

(A). Price elasticity is less than 1 when MR is negative.

(B). Price elasticity is more than 1 when MR is negative.

(C). Price elasticity is more than 1 when MR is positive.

(D). Price elasticity is less than 1 when MR is positive.

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15 May Shift 1

Identify the correct sequence for a firm operating in the short run.

(A) Total product increases at a decreasing rate.

(B) Marginal product becomes zero

(D) More and more units of variable factor are employed.

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27 May Shift 2

Match List-I with List-II

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